Committed Capital: Global Private Equity Insights

Private equity firms are sitting on near record levels of dry powder, along with a large backlog of investments awaiting an exit and increased fundraising activities. Assuming no macroeconomic or geopolitical headwinds, the PE industry’s investment cycle is poised to accelerate.

Hosted by members of Dechert’s Private Equity practice and recognized by Law.com International among the most forward-thinking podcasts in Big Law, Committed Capital explores current issues and trends affecting PE globally, featuring conversations with leaders from across the industry.

Dechert has advised private equity and other alternative asset managers for 40 years on capital solutions at every phase of the investment life cycle. We form funds, negotiate investments, advise on transactions and financings that maximize value, and structure an execute exits accomplished at the right time to deliver the best returns. With lawyers in the United States, Europe, Asia and the Middle East, our interdisciplinary global team has the reach, resources and expertise to advise our clients wherever they do business.

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Latest Episode:

Hot Documents in Antitrust Merger Reviews

June 12, 2026 — Every deal document tells a story, and in an antitrust merger review, overbroad and imprecise language can cost months of investigation and millions of dollars in legal fees. In this Committed Capital episode, Dechert antitrust attorneys Rani Habash, Brian Hanna and Greg Luib draw on their combined experience at the firm, the FTC and the DOJ to break down the "hot documents" that attract unwanted regulatory attention and explain how companies can better prepare for their next merger filing.

Key Takeaways:

Your documents are your first witness: Deal documents, from board presentations to informal texts, are among the first things antitrust regulators scrutinize when considering the competitive impact of a transaction. Merger filings today require the production of everything from texts to emails to chat messages.

Be precise with your language: Confidential Information Memoranda and deal rationale documents get intense scrutiny. Statements should be carefully grounded in fact and context to avoid misinterpretation or getting taken out of context. Overly broad, exaggerated or imprecise phrasing can be misunderstood and trigger a costly Second Request investigation. Proper guidance, including articulating objective, pro-competitive customer benefits, can reduce antitrust risk.

The cost of not being prepared: Deals that attract in-depth regulatory scrutiny can take 12 or more months to resolve from announcement to agency decision, and potentially longer if the government sues to block your deal. With expanded HSR document requirements, fact-based and consistent deal messaging is more important than ever as it can mean the difference between a quick clearance and a protracted, expensive investigation.